Are There Links between Globalization, Wealth, and Human Development?



Are There Links between Globalization, Wealth, and Human Development

Introduction

Globalization is seen as an economic, technological, social and cultural environment that brings positive and negative effects for the countries of the world recognized throughout history concepts such as developed countries, underdeveloped and developing countries, the countries of North and South, country first, second or third world. These terms differ in the degree of development that have the different countries, generating trends in less developed countries to reach the most developed. The purpose of this assignment is to explore the impact of globalization with the wealth and human development and determine any links, if any, of globalization with wealth/poverty and human welfare.

Discussion

The argument over globalization has centered on whether it aggravates income disparity among rich and poor, but as you say those opposed to it, human wellbeing is not identical with wealth. Hence, the fundamental question is not whether the income gap is growing, but whether globalization increases welfare, and if those welfare inequalities have expanded, must be determined whether this is because the rich have advanced at the expense of the poor.

Human development is linked to the improvement of human life. This includes mainly, the increase in life expectancy, lower infant mortality and maternal, better access to water, sanitation and education, etc.. The human development as defined above, is wholly dependent on the wealth of a nation, but also the creation of circumstances in which a company can create opportunities to improve its social and economic conditions. The principle of human development (UNDP, 2007) is to create opportunities for people can realize their full potential. While the wealth of a nation can be related to the improvement of human development inequalities in the distribution of wealth can prevent it.

In the last fifty years, as increased wealth and technological advancement around the world, so did the welfare of the enormous bulk of the population. The average person today lives longer, more educated, is healthier, and less likely that their children have to work. Moreover, in general the gap on these measures of welfare between rich countries and groups of medium or low income has shrunk dramatically since mid-1900, regardless of trends in income disparities. However, where these differences have declined less, or perhaps even grown, the problem is not too much globalization but too little.

The rich are not better because you have taken something away from the poor, on the contrary, the poor are now better thanks to technology they have developed the rich, and their situation would be even better if they had been better prepared to confine the advantages of globalization . A definite point of inequality may also be beneficial for the poor, as in richer countries develop and invest in expensive medicines and technologies that then become more accessible to the poor.

Globalization and Human Development

While the wealth or income per capita (measured by GDP per capita) is most likely the preeminent indicator of material wellbeing, the most importance is the fact that help ...